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#EURUSD 1HEURUSD 1-Hour Analysis The EURUSD pair has broken out of a downtrend channel resistance on the 1-hour chart, signaling a potential shift in momentum to the upside. This breakout indicates bullish strength and presents an opportunity for buying as the price may continue to rise toward higher resistance levels. Technical Outlook: Pattern: Downtrend Channel Resistance Breakout Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position after confirming the breakout with bullish price action signals, such as a retest of the broken resistance line acting as support or the formation of higher highs and higher lows. Traders should monitor indicators like RSI for overbought conditions or MACD for confirmation of bullish momentum. Employ proper risk management with stop-loss orders placed below the breakout or retest level, and set profit targets at key resistance zones above.
Long
by PIPSFIGHTER
#EURUSD 4HEURUSD 4-Hour Analysis The EURUSD pair is forming a head and shoulders pattern on the 4-hour chart, which is typically a bearish reversal signal. However, in this case, the price action suggests a potential invalidation of the pattern, favoring a bullish breakout scenario. If the neckline resistance is broken, it could provide a buy opportunity. Technical Outlook: Pattern: Head and Shoulders (Potential Breakout) Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position upon a confirmed breakout above the neckline resistance with strong bullish momentum. Traders should monitor for bullish confirmation such as a breakout candlestick with increased volume or indicators like MACD signaling upward momentum. Proper risk management is crucial, with stop-loss orders placed below the neckline and profit targets set at the next resistance levels.
Long
by PIPSFIGHTER
Euro plummets amid tariff threats and political turmoilEUR/USD has dropped over 0.6% to $1.04607, reflecting ongoing geopolitical tensions and economic uncertainty in the Eurozone. In November, the euro experienced a 3% decline, its worst monthly performance in over a year, raising concerns about parity with the US dollar. Trump's recent threats to impose 100% tariffs on countries moving away from the US dollar have further pressured the euro. Meanwhile, the European Central Bank's dovish signals, including potential rate cuts of up to 50 basis points in December, add to the euro's challenges. On the other hand, the US dollar index has risen nearly 1% to 106.7, bolstered by strong economic indicators like the ISM Manufacturing PMI. As traders digest these developments, the EUR/USD may continue to face downward pressure. Share your insights on how these factors could shape the pair's trajectory in the coming weeks.
by tastyfx
EURUSD EUR/USD consolidates gains below 1.0500 amid weaker US Dollar EUR/USD holds gains below 1.0500 in European trading on Monday, having recovered from its two-year low of 1.0332. This rebound is due to a sell-off in the US Dollar and the US Treasury bond yields amid a US bond market rally. The focus shifts to German data and ECB-speak. The Euro came under pressure after PMI data highlighted continued weakness in Eurozone business activity. The HCOB Flash Eurozone Composite PMI fell sharply to 48.1 in November, down from 50.0 in October and well below expectations of 50.0. This decline reflects a contraction in the services sector for the first time in ten months, coupled with a persistent downturn in manufacturing. On Thursday, European Central Bank (ECB) Chief Economist Philip Lane cautioned that a potential global trade war, driven by the expected implementation of President-elect Donald Trump’s higher tariffs, could lead to significant global economic losses. "Trade fragmentation entails sizeable output losses," Lane emphasized.The S&P Global US Composite PMI climbed to 55.3 in November, indicating the strongest growth in private sector activity since April 2022. The US Services PMI surged to 57.0, up from 55.0 in October and significantly exceeding market expectations of 55.2, marking the sharpest expansion in the services sector since March 2022. Meanwhile, the US Manufacturing PMI edged higher to 48.8 from 48.5 in October, aligning with market forecasts.
by KingForex078
Bear Alert: When the Market Plays Dress-Up!Alright, traders, let’s talk about what’s happening here. This chart? Oh, it’s the drama queen of patterns—the classic Head and Shoulders. It’s the “I’m tired of pretending to go up” signal, and boy, did it deliver. 💔 Let’s break it down (literally): 1️⃣ The Head and Shoulders 🧠💪👖 First, we’ve got the Left Shoulder flexing, then the Head pretending it’s on top of the world 🌍, and finally, the Right Shoulder, which just gave up and said, “Nope, I’m out.” Once the neckline broke? 🚨 Lights out. It’s game over for the bulls. 2️⃣ The Bear Flag Formation 🚩🐻 After that dramatic neckline drop, we saw a little consolidation—aka the bear flag. It’s like the market paused to catch its breath before diving straight into the abyss. 😱 3️⃣ RSI Drama 📉: The RSI is down there chilling in the “oversold” lounge, but let’s be honest—oversold in a bear market is like yelling “fire” in a burning building. 🚒 It’s not a bounce until the trend says so. What’s Next? 💥 TP Incoming: If you measure the height of the Head and apply it below the neckline, this thing could go even lower. Think of it as the final stage dive. 🎤🎸 💡 For the Shorts: If you’re already in, congrats—you’re riding this bear like a pro. 🐻 If not, you might want to wait for a dead cat bounce (poor cat 😢) before hopping in. Final Thoughts: The market is throwing tantrums, and the Head and Shoulders just served as its resignation letter. Bulls? Pack it up. Bears? 🐻 This is your time. Remember, no paywalls, no hidden agendas—just raw, unfiltered trades and analysis like this one. If you’re ready to step into the arena, we’re here for it. 🚀 Stay savage, stay relentless, and keep an eye on those charts.
Short
by EdgeDotForex
EUR/USD (aka) "FIBER" Bank Money Heist Plan on Bullish Side.Hola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist EUR/USD (aka) "FIBER" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 1h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
Post-Election and FOMC Impact— EURUSDEURUSD Breakdown Analysis Date : November 7, 2024 Current Level : 1.0740 Forecasted Targets : 1.0800 (Resistance) and 1.0660 (Downside Target) --- Overview: EURUSD saw a significant drop yesterday, largely due to market reactions to the U.S. election uncertainty. Investors flocked to the dollar as a safe haven, strengthening it and putting EURUSD under downward pressure. The next focal point for the market is today’s FOMC decision, which could set the tone for the pair in the days ahead. --- Election Impact on EURUSD: The initial dip in EURUSD following the election highlights its sensitivity to U.S. political events. Market sentiment was cautious as investors digested updates, pushing the dollar up and sending EURUSD lower. This movement suggests continued dollar strength unless political clarity reduces the appeal of safe-haven assets. --- Focus on Today’s FOMC Decision: With the FOMC’s interest rate announcement imminent, we may see additional volatility. While rates are likely to remain unchanged, hawkish commentary or projections for future hikes could support further dollar gains, pushing EURUSD lower. Conversely, a dovish statement could trigger a dollar pullback, allowing EURUSD to approach the anticipated resistance level at 1.0800. --- Technical Analysis and Forecast: Currently trading at 1.0740, EURUSD is positioned near a key support zone. Short-term technical indicators point to potential resistance around 1.0800, which aligns with critical Fibonacci levels and a prior trendline. The pair may briefly reach this level before a likely reversal due to strengthening dollar fundamentals. Once EURUSD tests 1.0800, we anticipate a decline toward our downside target of 1.0660, a support level with historical significance. --- Conclusion: Today’s FOMC statement, paired with the ongoing effects of the U.S. election, positions EURUSD for a brief rally toward 1.0800, followed by a downturn targeting 1.0660. This range provides both resistance and support benchmarks, offering potential entry and exit points.
Short
by forexorbit
EURUSD 7 Dimension Sell Trade Idea Top-Down View (H4 Analysis): The H4 timeframe shows that the price has recently formed a Change of Character (CHoCH) and appears to be making a retracement. Despite this pullback, it hasn’t mitigated the higher-timeframe Points of Interest (POI), particularly the unmitigated Daily Fair Value Gap (FVG). Observing H1, we see considerable volatility and uncertainty, possibly indicating attempts to shake out weak-handed traders before a deeper corrective move toward the H1 internal extreme POI for mitigation. 😇 7 Dimension Analysis 🟢Time Frame: H4 🟢Swing Structure: Bullish with CHoCH: The swing structure is bullish on the H4, with a recent CHoCH indicating a potential shift. An inducement has been observed, and price has just entered the discounted zone, which aligns with the 61% Fibonacci retracement level. POI and Liquidity Levels: The area of interest includes the 61% & 88% Fibonacci level, liquidity sweeps, and support at the demand zone. Waiting for price to reach this zone and observing its reaction will be critical. Pattern: 🟢 Chart Patterns: Double Bottom: Forming as a potential reversal pattern at the discounted zone. 🟢 Candle Patterns: Long Wick & Momentum Candles: Recent candles show long wicks and momentum on the downside, indicating that bears are still in control of the current session, albeit with limited momentum strength for long-term sustainability. Volume: Moderate volume suggests that while sellers are currently dominant, the bearish momentum may not hold for an extended period, reinforcing the expectation of a retracement. Momentum (RSI): 🟢 Range Shift: Momentum has shifted from bearish to sideways with multiple bullish divergences, suggesting a loss of bearish strength and a potential for reversal or retracement. Volatility (Bollinger Bands): 🟢 Middle Band Breach: The price has dropped below the middle band, indicating a slight bearish bias. Expansion Cool-Down: Following a period of expansion, price appears to be consolidating and "cooling down" before the next directional move. 🟢Strength (ROC and Consolidation): Consolidation Phase: ROC reflects consolidation, supporting the idea that the bearish momentum may pause or weaken, aligning with the expectation of a retracement or sideways movement. 🟢Rating: ⭐⭐⭐ Probability: 65% This setup has a moderate confidence level for a short-term sell entry, considering the confluence of factors on both the H4 and refined lower time frames. 🟢Trade Setup: Entry Details: Entry Time Frame: 15-Minute (15M) Entry TF Structure: Bearish (for counter-trend entry in a corrective move) Point of Interest (POI): Extreme Fair Value Gap (FVG) Trade Execution: 💡 Decision: Sell Limit 🚀 Entry: 1.8747 ✋ Stop Loss: 1.0888 🎯 Take Profit: 1.07927 😊 Risk to Reward Ratio: 6.94 RR 🕛 Expected Duration: 1 Day SUMMARY: This H4-based top-down analysis with entry refinement on the 15M timeframe provides a short-term sell opportunity within a bullish higher timeframe structure. Price action, volume, and momentum indicators suggest a potential bearish pullback toward the 15M POI, aligning with the 61% Fibonacci level and significant liquidity areas. The setup targets a short-term retracement with a high reward-to-risk ratio, with the expectation that price may retrace to mitigate lower timeframe liquidity levels before resuming the bullish trend.
Short
by Optimum369
EURUSD Set For Possible Bullish Breakout? Key Price Action Signa👀👉 EURUSD is demonstrating bullish momentum across the monthly, weekly, daily, and 4H charts. I'm closely watching for a potential buying opportunity, aligning with the key criteria covered in the video. In this analysis, we’ll pinpoint essential price action signals to track and outline strategic positioning for the next potential move. *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. 📊✅
Long
by fxtraderanthony
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